Our units and members are aware that the period of our current 10th Bipartite Settlement would come to an end by October, 2017 and a revised Settlement (11th Bipartite Settlement) has to be worked out to be effective from November, 2017. In order to negotiate and settle the 11th BPS, we need to submit our Charter of Demands.

Accordingly, the issue was discussed amongst our five workman Unions viz. AIBEA, NCBE, BEFI, INBEF, and NOBW and a broad summary of the Charter of Demands has been finalised.

Shortly, our 5 unions will meet and a full-fledged Charter of Demands containing the details of each of the demand would be finalized. In the meantime, we have submitted the Broad Summary of the Demands to the IBA today.

The demands submitted to the IBA are furnished herein for the information of all our units and members.

With greetings,

Yours comradely,
sd/-
C.H. VENKATACHALAM
GENERAL SECRETARY

BROAD SUMMARY FO CHARTER OF DEMANDS FOR 11TH BIPARTITE SETTLEMENT

1. Revision and improvement in Pay Scales by merger of Dearness Allowance upto October, 2017 and with additional loading thereon.

9. Increase in Annual Medical Aid and review for improvements in medical insurance scheme . Unilateral changes in the scheme to be withdrawn. The rate of medical Insurance after retirement to be discussed with the unions before renewal.

10. Bonus for all employees without any ceiling

11. Removal of ceiling on Gratuity under the Gratuity Act.

12. Total exemption from Income tax on entire retirement benefits including Leave Encashment.

13. DA linked defined and assured pension scheme in lieu of NPS

14. Introduction of 5 Day banking service in the remaining weeks of the month apart from 2nd. And 4th. Week.

15. Improvement in Special Area Allowance and special compensatory provisions for North East, Himachal Pradesh and Jammu & Kashmir

16. Regular banking jobs and services not to be outsourced and all existing contract employees to be regularized and absorbed

17. Adequate recruitment of clerical and substaff in all Banks

18. Implementation of Supreme Court order on equal wage for equal work for existing temporary and contract employees till the vacancies are filled up by regular employees.

19. Proper implementation of compassionate ground appointment scheme . The clause of 5% quota in respect of total recruitment to be deleted.

20. All part time employees to be converted as full time employees

21. Improvement in Other Allowances and other service conditions like Diem Allowance/Halting allowance, hotel rent reimbursement, Project Area Allowance, etc.